Hedge Funds: How the Votes Stack Up

Interesting work by William Hutchings of Financial News , who has looked into how support and opposition stack up among European governments for the proposed EU hedge fund law that has been exercising U.S. Treasury Secretary Timothy Geithner.

His finding is that there are enough votes now among governments to block it, but it remains to be seen what will happen when it comes down to the decision next Tuesday at a meeting of EU finance ministers. Because the European Commission and the Spanish, who are in the chair, want to move this forward, some of the opponents may decide, for whatever reason, that it’s not worth their while causing an upset by sending the project back to the drawing board.

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